US unemployment benefit claims jumps to 258,000, at highest level in a year

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US unemployment benefit claims jumps to 258,000, at highest level in a year - Business Standard

Quick Summary:

The number of Americans filing for for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene and the Boeing machinist strike than a broader softening in the labour market.

Analysts highlighted big jumps in jobless benefit applications last week across states that were most affected by Hurricane Helene, including Florida, North Carolina, South Carolina and Tennessee.

The Labor Department reported Thursday that applications for jobless claims jumped by by 33,000 to 258,000 for the week of October 3.